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Section 130: (1) Conversion or classification of an asset into

Administration of Parliament (Amendment) Act

Point-in-time consolidation · as at 4 August 2006. This non-pilot lookup is excluded from search indexes pending a deterministic currency check. Verify against the latest Uganda Gazette before relying on it.

Consolidated text

any other form may be used (a) on grounds of national security or public interest, legal or human rights issues or environment considerations; or (b) where the asset has no residual value in its current form, but where some sale value can be obtained through conversion or classification into any other form. (2) Where conversion or classification into another form is used, a procuring and disposing entity shall identify a competent authority or an appropriate bidder to undertake the conversion or classification. (3) Approval shall be obtained from the contracts committee, prior to the commencement of the disposal proceedings (4) Documentary evidence of the conversion or classification shall be obtained from a competent authority or bidder and shall be kept as part of the record of disposal Donation. proceedings.

Source: laws_africa.